ETF Trading with Larry Connors: Stocks Rally on Light Volume Ahead of Holiday

By Larry Connors | TradingMarkets.com | September 01, 2011 08:58 AM
 


Every liquid Country Fund ETF has a 2-period RSI reading above 70 today, with nearly half the universe showing readings above 90. As I mentioned yesterday, this could go on for a few more days (especially with the lightened volume due to the upcoming 3-day weekend) but a pullback is more than due and likely coming very soon.

The above is from Larry Connors’ Daily Battle Plan.

To learn more about the Daily Battle Plan – including access to Larry’s daily ETF trading signals, click here for more information.

And for more on ETF trading, be sure to visit us here to check out the book that Stocks, Futures and Options (SFO) Magazine called one of the best trading books of 2009: High Probability ETF Trading: 7 Professional Strategies to Improve Your ETF Trading.

Larry Connors is founder and CEO of TradingMarkets.com

 


 

http://www.tradingmarkets.com/etfs/trading-lessons/etf-trading-with-larry-connors-stocks-rally-on-light-volume-ahead-of-holiday-1578139.html

Thursday, September 1st, 2011 Larry Connors, News, Stock Trading

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